"To know how to wait. It is the great secret to success."
- Joseph DeMaistre, Philospher

DENVER, CO -- The bull market in the precious metals the past six years has certainly demanded patience on the part of those who believe in it.

While our market at times has been absolutely exhilarating, there have also been long periods that have tested and tried our souls. Now is one of those times. And the price (once again being demanded) for those who will ultimately succeed in this market, is the great virtue of patience.

For the second time as gold began to trek higher the past 45 days, the market was deliberately assaulted. And of course right on cue, the non-partial media minions who get their marching orders from the anti-gold crowd, were quick to jump on the bandwagon to write gold's epitaph. They want to see gold destroyed because a higher gold price reveals truths that they don't want exposed.

How many times have we had to bear this nonsense the past six years! And yet for those who have exercised patience during that time, the longer term trend remains their friend and will remain so for many years to come.

Don't listen to the short-term noise being touted by the media. Stick to the basics on why gold is going higher and keep asking yourself the question, "Has anything fundamentally changed with the U.S. Government debt structure, deficit spending, or trade imbalances?"

The answer of course to that question is not only "NO" but "HELL NO!" So gold will continue to go higher despite the planned and executed hits by the media thugs who do the bidding of those who seek gold's demise.

These manipulations to keep gold and silver in check are short-term in nature. They are the foundation to much higher prices that I believe could take the noble metal to the $800-$900 level on the next wave.

And whatever those efforts may include, just remember that the fate of the dollar is the ultimate driver of the only sound currency (gold) mankind has ever known. As the dollar moves towards its intrinsic value ($0.00) gold will move higher. It is just that simple.

There is always plenty of disinformation in the media that this or that is driving gold. Most of that information is simply a diversion from the most important fact; which is the creditworthiness of the U.S. Government and the true value of our fiat dollar.

Geopolitical concerns, and oil prices (the latest items being touted) are factors, but they pale in comparison to what the dollar is doing. Artificially propping up the dollar or the stock market, works for the short-term, but not for the longer term. They can skate around the issues at times with short-term market manipulations, but they can't stall the inevitable long-term trend. THEY WILL TRY, BUT THEY WILL FAIL! Count on it.

The timing of this latest assault should not be any surprise either, as the elections are drawing closer in the U.S. in early November. The politicians simply can't have gold in an upward trend pushing for new highs as voters prepare to vote.

Once the elections are over, gold will once again begin its ascent for all the right reasons. Those reasons include but are not limited to:

1. The declining value of the U.S. dollar
2. Foreigners lessening interest in U.S. debt instruments (T-Bills)
3. Supply/Demand fundamentals for gold and silver
4. Central Bank purchases especially from China, Japan, Russia, and India
5. Slowing U.S. economy and pricking of housing bubble
6. Increasing investor demand that seeks shelter from paper risk.

So, in summary, you are being asked to exercise great patience once again in your gold investments as short-term aberrations are implemented. For those who learn how to wait, you will be preparing for your future success. Patience will have its reward. And a very big reward that will be when gold is priced comfortably in four digit territory.

- Greg McCoach